Tim Lamb Group Brokers Major Automotive Acquisition
Tim Wild, the Director of the Midwest and Plains Region for Tim Lamb Group, has successfully brokered the sale of Marty Cancila Dodge Chrysler Jeep Ram to Clement Auto Group. This significant acquisition marks another milestone in Tim Lamb Group's impressive history as the largest auto dealership sales and acquisitions firm in North America.
Clement Auto Group Takes Ownership
Clement Auto Group, led by Owner and President Raj Clement, has officially taken over the dealership following the previous owner Tony Cancila's retirement announcement. This transition has allowed the dealership to be rebranded as Clement Chrysler Dodge Jeep Ram Florissant, strategically located in the Greater St. Louis metro area.
Facility and Expansion Plans
The dealership occupies a spacious 50,500 square foot facility which includes 34 service bays and a specialized used car lot. Additionally, there is a full-service body shop nearby. The interior of the showroom is currently undergoing renovations with the vision to expand the service center, catering to the increasing service demands from their adjacent pre-owned store.
Building Relationships and Community Focus
Raj Clement expressed satisfaction in finally closing this deal with Tim Wild, emphasizing their longstanding relationship and discussions about potential acquisitions. The engagement illustrates not only a strategic business expansion but also a commitment to maintaining strong ties within the community.
A Commitment to Community Involvement
Clement Auto Group is known for its dedication to community engagement, maintaining partnerships with local governments, schools, and businesses to support various initiatives. Through donations, fundraising events, and direct involvement in local activities, they actively give back to the communities they serve. Their commitment to education is highlighted by the Drive for Excellence program, which provides scholarships to outstanding students in the area.
Team Retention and Employee Culture
The entire staff from the previous ownership has been retained, many having served for over two decades. This retention showcases the commitment to continuity and stability for both employees and customers alike. Clement Auto Group emphasizes a culture built on collaboration, leadership, mentorship, and trust.
The Deal Overview and Future Prospects
Tim Wild noted that selling to a local dealer requires a delicate approach. Raj’s sensitivity towards the Cancila family's concerns highlighted the respectful nature of the transaction. This deal not only allows Clement Auto Group to expand but also enhances their ongoing community outreach efforts.
For more insights into Tim Lamb Group's operations and how they facilitate dealership transactions across North America, you can find more information directly through their website.
Frequently Asked Questions
1. What does the Tim Lamb Group specialize in?
The Tim Lamb Group specializes in facilitating the sale and acquisition of automotive dealerships across North America.
2. Who owns Clement Auto Group?
Clement Auto Group is owned by Raj Clement, who has a strong vision for community involvement and dealership excellence.
3. Where is the newly acquired dealership located?
The dealership is located in the Greater Metro St. Louis area, now known as Clement Chrysler Dodge Jeep Ram Florissant.
4. What community initiatives does Clement Auto Group support?
Clement Auto Group supports various initiatives, including scholarships for students and partnerships with local organizations through donations and community events.
5. What changes are planned for the Clement dealership?
Renovations are underway to upgrade the showroom and service center to better meet the expanding needs of customers and improve service capacity.
